“Investors are concerned about the upcoming budget in November and mainly concerned about taxes like super gains on business,” Lanka Securities said.

Turnover was 1.15 billion rupees, up from 988 million on Monday with 56 stocks closing positive against 103 negative.

Losses were seen in Dialog Axiata closing at 11.10 rupees, down 0.10 rupees with over 2.2 million shares traded and Sri Lanka Telecom closed at 47.60 rupees, down 0.50 rupees.

Laugfs Gas closed at 46.60 rupees, up 1.30 rupees with the stock hitting a 52 week high price of 46.40 rupees with over 700,000 shares traded.

The Company acquired a 69 percent of the total issued shares, in Petredec Elpiji Limited, a company incorporated in Bangladesh for 18.75 million US dollars.

In the banking sector DFCC closed at 176.10 rupees, down 1.90 rupees with the stock hitting a 52 week low of 175.00 rupees.

Sampath Bank closed at 258.40 rupees, down 1.50 rupees and National Development Bank closed at 217.00 rupees, up 0.60 rupees after hitting a 52 week low of 215.00 rupees.

Search for:

About Us

LBO is the pioneer and leader in online business and economics news in Sri Lanka, LBO brings you a more comprehensive online news experience, integrating a host of interactive tools to keep you better informed.